DR Congo Economic Outlook
November 14, 2017The economy seems to be gaining traction this year. Output in the mining sector has increased as prices for key commodities have been on an upward trajectory throughout the year. In the January-to-September period, cobalt production increased 18.7%; copper and gold output also rose substantially, albeit at a slower pace. Although export earnings are set to increase, GDP growth will remain subdued and economic conditions challenging, as inflation remains at multi-year highs. The Central Bank warned that if the government decides to ease ongoing austerity measures and loosen monetary conditions, this could cause the Congolese franc to depreciate further, leading inflation to shoot up and increasing economic hardships in the population as a result.
DR Congo Economic Growth
November 14, 2017The economy is expected to recover modestly on higher prices for commodities, although growth is projected to remain below the rates observed during the commodities super cycle. FocusEconomics panelists forecast growth of 3.0% in 2018, which is down 0.4 percentage points from last month’s forecast. For 2019, growth to reach 4.2%.
DR Congo Economy Data
|GDP per capita (USD)||392||424||453||464||446|
|GDP (USD bn)||29.3||32.7||35.9||37.9||37.6|
|Economic Growth (GDP, annual variation in %)||8.0||8.5||9.5||6.9||2.4|
|Fiscal Balance (% of GDP)||1.8||4.0||1.3||-0.1||-0.8|
|Public Debt (% of GDP)||23.2||19.1||16.8||18.8||21.5|
|Inflation Rate (CPI, annual variation in %)||9.3||1.2||1.3||1.3||5.9|
|Exchange Rate (vs USD)||929.0||930.3||911.0||917.0||1,165|
|Policy Interest Rate (%)||4.00||2.00||2.00||2.00||7.00|
|Exchange Rate (vs USD, aop)||924.7||922.1||922.2||918.3||963.5|
|Current Account (% of GDP)||-4.3||-9.5||-8.5||-4.1||-|
|Current Account Balance (USD bn)||-1.3||-3.1||-3.0||-1.6||-|
|Trade Balance (USD billion)||0.1||0.8||-0.4||-0.3||-|
|Exports (USD billion)||8.7||11.6||12.3||10.3||-|
|Imports (USD billion)||8.7||10.8||12.7||10.6||-|
|Exports (annual variation in %)||-7.7||32.8||6.1||-16.5||-|
|Imports (annual variation in %)||-2.7||24.6||17.6||-16.8||-|
|International Reserves (USD)||1.6||1.7||1.6||1.2||-|
|External Debt (% of GDP)||19.2||18.9||15.4||14.3||-|
5 years of DR Congo economic forecasts for more than 30 economic indicators.
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DR Congo Facts
|Exchange Rate||1,570||-0.78 %||Dec 06|
|Stock Market||0.2||0.0 %||Dec 06|
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